RE: Bitcoin going down? -> Please keep some perspective, people....

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Bitcoin going down? -> Please keep some perspective, people....

in bitcoin •  7 years ago  (edited)

Thanks for sharing your thoughts. You say that you consider Bitcoin a risky proposition. Do you also see coins/applications with a less risky future?

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I think in the long term it is impossible to know which coins are going to survive. My only long term investment is LKK, but even that would carry a lot of risk. But by knowing what to look for to identify tops, and temporarily trade out, one is as safe as one can be in my opinion. If one does not want to get into technical analysis, setting a conservative price target for selling out is an option.